Pre-tax profits at M50 e-flow toll consortium rise by 20% to €2.96m

Pre-tax profits at the French consortium that operates the e-flow toll on Dublin’s M50 increased last year by 20% to €2.96m, new figures show.

Abridged accounts just filed with the Companies Office by Sanef ITS Operations Ireland Ltd, show that the firm recorded the increase in pre-tax profit after gross profits rose by 19% from €5.79m to €6.88m in the 12 months to the end of December last.

Pre-tax profits increased from €2.467m to €2.966m during the year.